High hopes hanging on to meet American Summit - China next week

9/17/2015 0:00

BAGHDAD - A follow-up Joseph Zayer
China continues to inspire the world economically, even with falling under the influence of the size of the financial crises which affect the economic life of the world.

American Professor Barry Eichengreen has been described in an article published on the recent site Project Sandekket, described this vulnerability, saying: »in the atheist th of August, China has reduced the value of its currency by 2 percent and reformed the exchange rate system is modest, was not that an event seismic of the land , but the financial markets responded to him as if they were meteorites rained down on them.

» And Huda Maaraf b (Silk Road) two thousand years ago, these days raised «initiative through the new» US, with Afghanistan torn silk, a trade corridor between Asia and the West, and the initiative «Belt and the way» put forward by Chinese President Xi Jinping to boost trade and development along the ancient Silk Road and beyond.

Experts say: The visit of Ping expected next week will provide a golden opportunity for China and the United States to review their vision about the initiative «Silk Road» and what they can do together.

She said Hillary Clinton, who proposed the initiative in 2011: The network will allow Afghanistan to attract new sources of foreign investment, with the creation of investment markets and new opportunities for the entire region. Said Yang Xi Yu, a researcher with the China Institute of International Studies »: The Chinese and American initiatives share a lot in terms of their objectives, as each of them aimed at promoting economic growth by facilitating trade».

A large area and the environment and there are also adapted along the way of potential cooperation between China and the United States.

It seeks to about a hundred of Presidents of Major American groups since Tuesday to urge Obama and his Chinese counterpart to build a «permanent» economic relationship during their meeting in Washington.

He wrote the heads of the boards of directors of 94 companies, including Mark Zuckerberg (Facebook), Tim Cook (Apple) and tycoon Warren Buffett in a joint letter «for being the first economists in the hemisphere need the United States and China to set up a permanent and positive business relationship be the fulcrum essential for global economic growth».

They considered that China and the United States to agree in particular on a bilateral investment treaty «high quality» have «a direct and concrete on the two countries signed the economy.

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